Ethics, Business and Filipino Values

• These notes cover various aspects of ethics, business practices, Filipino values, and religious influences in a business context.

Amor Propio

• Showing off achievements to gain respect is not an example of amor propio.

Business Ethics

• Manager Jeanelle Nicolet Angeles practices deontological ethics by setting uniform prices for all customers.

Ethical Practices

• Ethical practices include employees acting in the best interest of their employer, maintaining accurate financial records, using communication infrastructure appropriately, and protecting confidential information.

"Bahala Na"

• "Bahala na" has a negative aspect when someone loses their job and relies solely on God to provide for their family without taking action.

Code of Conduct Guidelines

• Guidelines for developing a code of conduct include identifying the organization's principles, understanding its mission and vision, ensuring enforcement, and specifying expected behaviors and values.

Forms of Business

• Different forms of business include cooperatives, corporations, joint ventures, and partnerships.

Procrastination

• Managers can help employees who procrastinate by finding strategies to motivate them.

Transparency

• Transparency refers to openness and willingness to disclose truthful and accurate financial performance figures.

Common Practices in Business Organization

• Common practices include business protocols, documentation, management policies, and reportorial requirements.

Negative Filipino Values

• Accepting a relative who lacks experience into a hotel business exemplifies a negative practice of Filipino values like hiya, filial piety, and family orientation.

Common Practices in Business Organizations

• Common practices include attendance and time off policies, computer use guidelines, employee conduct expectations, and fair competition.

Filipino Values

• Patricia Mae Gamboa shows family orientation by prioritizing her daughters' needs after her husband's death.

Negative Aspect of "Bahala Na"

• The negative aspect of "Bahala na” is demonstrated when someone gives up on a project and relies solely on God without taking action.

Contents of a Code of Ethics

• A code of ethics should be customer-centered and emphasize integrity.

Examples of Unethical Practices

• Examples of unethical practices are making false claims, engaging in accounting manipulations, and executive compensation.

Christianism

• Reincarnation is not part of Christianism/Christianity.

Fairness Principles

• Fairness principles in policies include attendance and time off and equal opportunity.

Ethics Virtue

• Crisha Mae Torres displays ethics virtue by prioritizing students' well-being over profits in her business.

Sole Proprietorship Characteristics

• Key characteristics include unlimited finances, owner paying taxes, quick decision-making, and termination upon the proprietor's death or ceasing business.

Positive Aspect of "Mañana Habit"

• A positive aspect of the "Mañana Habit" is doing tasks one by one according to urgency and importance.

Code of Ethic

• A code of ethic is a list of guidelines and protocols based on the organization's values.

Proper Use of Company Property

• Proper use of company property involves using it for official business functions, not personal gains.

Business Ethics Components

• Compliance, management support, and personal responsibility comprise components of business ethics.

Hiya

• A way to respond with "hiya" is “I regret to tell you that we have enough employee at this time but I will keep your resume in case that we need one."

Hinduism

• The belief in Karma differentiates Hinduism from other religions.

Islam

• Adherents are obliged to earn halal money, not just any enterprise gains.

Debt of Goodwill

• Embracing that assistance may be returned, but is willingly given without anticipation reflects the value of debt of goodwill

Business Organizations Role

• Roles include; providing goods and services, investing in innovation and excellence, generating jobs, and boosting the economy.

Egoism

• The doctrine that everyone is motivated to look after his/her own best interest is Egoism.

Islam Belief

• A belief in angels who only obey and glorify God contradicts Islam faith.

Business Organization Practices

• Decorum, marketing policies, and protocol are common practices in business organizations.

Filipino Value Respect

• Honor and pride manifest throughout commercial interactions.

Corporation Characteristics

• Large financial resources, appointed representative management committee decisions, possible double taxation, lengthy and compulsory process.

Ethics Of Care

• Improving good commercial relationships by showing care.

Impact of Religion

• Religion provides strength against business stress.

Fairness on Shareholding

• Every shareholder will get good value for what they each have.

Unique Buddhist Practice

• Their meditation will calm struggles to help them get better.

Partnership Characteristics

• Characteristics include that decisions and partners approval in important.

Virtue Ethics Example

• Blanca Alyssa Naguit values integrity.

Ethical Practices

• Being considerate to smells and always having company assets for good purposes.

Buddhism

• Finding an even work/life balance.

Be Vigilant

• Watch how your peers will affect you.

Cooperative Characteristics

• Limited budgets and third owners run things.

Egoism Approach

• Only thinking about the company getting more money.

Smooth Operations

• Respecting all beliefs.